Trammell Crow Co has begun work on the first phase of Cotton Lane Commerce Park, an approximately 1 million-square-foot industrial park in Goodyear, Arizona. The first phase will consist of two Class A buildings totaling 542,873 square feet, with completion anticipated for September 2024.
Trammell Crow Co. received a $10.4 million construction loan from Western Alliance Bank, according to CommercialEdge data. Butler Design Group is the architect for the project, while Willmeng Construction is the general contractor.
At the southwest corner of Cotton Lane and Elwood Street, two rear-load buildings will rise. The plans call for 36-foot clear heights, 6,000 amps of electricity, protected truck courts, and about 560 parking spaces. Building A will be 279,961 square feet in size, while Building C will be 262,912 square feet. Both are intended to house many tenants, with divisible area beginning at 50,000 square feet.
Phase 2 at Cotton Lane Commerce Park
The second phase will include the 445,701-square-foot Building B, which will have clear heights of 40 feet. According to CommercialEdge, the developer is now awaiting city clearances for this project.
A 30-acre developable tract adjacent to Cotton Lane Commerce Park is also available for lease or purchase. Union Pacific Railroad service is available on the site. The land will be marketed by CBRE Executive Vice Presidents Pat Feeney, Dan Calihan, and Associate Tyler Vowels.
Several significant projects in Phoenix have recently broken ground, including Lincoln Property Co.’s Luke Field in Glendale, Ariz.—the $515 million, Class A property will have 2.4 million square feet of space. Luke Field is scheduled to open in late 2024.
The Baseis a 144-acre industrial development in the same location. It is another megaproject by ViaWest Group. The first phase, developed in collaboration with Willmeng Construction, will have seven buildings totaling 1.2 million square feet.